Piedmont Capital Management, LLC
CIK
1656150
Location
WHITEFISH, MT
Portfolio Value
Micro
$37,809,060
Diversification
Highly concentrated
Filing Date
Global Rank
#7,159
/ 8,603
▲ 101
· as of Mar 2026
Top Industry
Drug Manufacturers - General
20.9%
3Y Alpha vs SPY
+2.4%
Period ended 3 months ago
Filed May 15, 2026 · 55d
22 quarters · since Dec 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+88.2%
SPY
+76.0%
Annualised alpha
+2.7%
Max drawdown
−13.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
54.5%
+3.9 pts
Top 5
69.7%
+4.3 pts
Top 10
84.0%
+4.6 pts
HHI
3,088
Highly concentrated+405
Portfolio Trend
22 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 55.3% | $20,895,316 |
| Technology | 11.3% | $4,257,510 |
| Healthcare | 10.7% | $4,031,286 |
| Consumer Defensive | 5.0% | $1,898,466 |
| Industrials | 4.9% | $1,859,886 |
| Communication Services | 3.7% | $1,393,702 |
| Financial Services | 3.4% | $1,298,201 |
| Energy | 3.1% | $1,184,502 |
| Consumer Cyclical | 1.7% | $654,624 |
| Real Estate | 0.9% | $335,567 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
11 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AAPL | Apple Inc. | +1,201 | 2,273 | $576,864 | |
| VZ | Verizon Communications Inc | +549 | 27,763 | $1,393,702 | |
| MRK | Merck & Co., Inc. | +413 | 10,164 | $1,222,627 | |
| NKE | NIKE, Inc. | +326 | 6,802 | $359,281 | |
| CVX | Chevron Corp | +321 | 5,725 | $1,184,502 | |
| HD | Home Depot, Inc. | +135 | 898 | $295,343 | |
| MSFT | Microsoft Corp | +67 | 1,806 | $668,527 | |
| UNH | Unitedhealth Group Inc | +42 | 1,846 | $499,509 | |
| JNJ | Johnson & Johnson | +11 | 5,579 | $1,363,730 | |
| SPG | Simon Property Group Inc. | +3 | 1,799 | $335,567 | |
| ORCL | Oracle Corp | +1 | 1,597 | $234,934 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GLDM | World Gold Trust | −5,861 | 222,303 | $20,605,265 | |
| GUT | Gabelli Utility Trust | −2,460 | 24,977 | $151,110 | |
| CSCO | Cisco Systems, Inc. | −1,070 | 21,051 | $1,633,347 | |
| IBM | International Business Machines Corp | −205 | 4,719 | $1,143,838 | |
| KO | Coca Cola Co | −178 | 17,753 | $1,350,115 | |
| AMGN | Amgen Inc | −1 | 2,687 | $945,420 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PG | PROCTER & GAMBLE Co | 1,783 | $257,536 | |
| No positions match the current search. | ||||
26 positions ·
$37,809,060 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GLDM |
World Gold Trust
|
Reduced | 222,303 | $20,605,265 | 54.50% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 21,051 | $1,633,347 | 4.32% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 27,763 | $1,393,702 | 3.69% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 5,579 | $1,363,730 | 3.61% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 17,753 | $1,350,115 | 3.57% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 10,164 | $1,222,627 | 3.23% | |
| CVX |
Chevron Corp
Energy
|
Added | 5,725 | $1,184,502 | 3.13% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 4,719 | $1,143,838 | 3.03% | |
| AMGN |
Amgen Inc
Healthcare
|
Reduced | 2,687 | $945,420 | 2.50% | |
| STN |
Stantec Inc
Industrials
|
Held | 10,458 | $903,571 | 2.39% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Held | 2,357 | $693,335 | 1.83% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 1,806 | $668,527 | 1.77% | |
| AAPL |
Apple Inc.
Technology
|
Added | 2,273 | $576,864 | 1.53% | |
| CAT |
Caterpillar Inc
Industrials
|
Held | 732 | $518,592 | 1.37% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 1,846 | $499,509 | 1.32% | |
| MMM |
3M Co
Industrials
|
Held | 3,014 | $437,723 | 1.16% | |
| NKE |
NIKE, Inc.
Consumer Cyclical
|
Added | 6,802 | $359,281 | 0.95% | |
| SPG |
Simon Property Group Inc.
Real Estate
|
Added | 1,799 | $335,567 | 0.89% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 898 | $295,343 | 0.78% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Held | 2,340 | $290,815 | 0.77% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 446 | $290,051 | 0.77% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
NEW | 1,783 | $257,536 | 0.68% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Held | 294 | $248,721 | 0.66% | |
| ORCL |
Oracle Corp
Technology
|
Added | 1,597 | $234,934 | 0.62% | |
| GBCI |
Glacier Bancorp, Inc.
Financial Services
|
Held | 4,590 | $205,035 | 0.54% | |
| GUT |
Gabelli Utility Trust
Financial Services
|
Reduced | 24,977 | $151,110 | 0.40% |